Slide 1: Raisio's Half-year financial report January-June 2016
Raisio’s Half-year financial report January-June 2016 CEO Matti Rihko Raisio plc 10 August 2016 1
Slide 2: Group EBIT
Group EBIT M€ 55 50 45 40 35 30 25 20 15 10 5 0 -5 7/2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Q2/2016 Rolling 12 months EBIT (Comparable EBIT) 2
Slide 3: Raisio's Q2/2016 in figures
Raisio’s Q2/2016 in figures The Group • EBIT 15.0 (14.0) M€ • EBIT margin 12.1 (9.9) % • Net sales 124.1 (141.5) M€ Brands • EBIT 14.2 (14.3) M€ • EBIT margin 16.1 (14.6) % • Net sales 88.2 (97.8) M€ Raisioagro • EBIT 1.4 (1.4) M€ • Net sales 37.7 (44.7) M€ 3
Slide 4: Raisio's Q2/2016
Raisio’s Q2/2016 • Honey Monster brand licensed • After the review period, Newport snack bar business sold • Raisio still owns a land area of over three hectares in Southall, London • Brexit affects exchange rates and increases economic uncertainty in the short and long term • A time-out with Benemi
Slide 5: Group EBIT
Group EBIT M€ Comparable figures % 60 12 51.7 50 10 39.3 40 8 34.6 34.8 30 6 23.7 24.7 20 4 10 2 0 0 2012 2013 2014 2015 1-6/2015 1-6/2016 EBIT EBIT % 5
Slide 6: Group EBIT by quarters
Group EBIT by quarters M€ Comparable figures 20 16.0 15.0 15 14.0 12.1 12.0 12.0 10.6 11.0 10.7 9.6 9.7 8.9 10 8.0 8.5 8.4 6.6 6.6 5.4 5 0 Q1 Q2 Q3 Q4 2012 2013 2014 2015 2016 6
Slide 7: Group net sales
Group net sales M€ 700 584 600 558 494 521 500 400 264 300 238 200 100 0 2012 2013 2014 2015 1-6/2015 1-6/2016 Brands Raisioagro 7
Slide 8: Key figures, comparable income statement
Key figures, comparable income statement 4-6/ 4-6/ 1-6/ 1-6/ 2016 2015 2016 2015 2015 Net sales M€ 124.1 141.5 238.1 264.0 521.2 Change in net sales % -12.3 6.8 -9.8 6.0 5.5 EBIT M€ 15.0 14.0 24.7 23.7 51.7 EBIT % 12.1 9.9 10.4 9.0 9.9 Depreciation and impairment M€ -3.1 -5.9 -6.1 -9.5 -16.5 EBITDA
Slide 9: Key figures, balance sheet
Key figures, balance sheet 1-6/ 1-6/ 2015 2016 2015 Equity ratio % 61.4 57.5 62.3 Gearing % 19.7 22.4 12.1 Net-interest-bearing debt M€ 59.6 75.6 42.2 Equity per share € 1.92 2.15 2.23 Investments M€ 8.3 5.1 11.0 9
Slide 10: Brands
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Slide 11: Brand Division's EBIT
Brand Division’s EBIT M€ Comparable figures % 60 16 55.4 14 50 41.4 12 40 37.4 35.9 10 30 8 25.6 25.6 6 20 4 10 2 0 0 2012 2013 2014 2015 1-6/2015 1-6/2016 EBIT EBIT % 11
Slide 12: Brand Division's EBIT by quarters
Brand Division’s EBIT by quarters M€ Comparable figures 20 15.8 14.3 14.2 15 13.9 11.3 11.4 10.8 10.6 11.0 11.1 10.8 9.0 9.4 9.7 10.0 10 8.2 7.6 6.4 5 0 Q1 Q2 Q3 Q4 2012 2013 2014 2015 2016 12
Slide 13: Brand Division's net sales
Brand Division’s net sales M€ 450 400 385 330 350 305 306 300 250 192 178 200 150 100 50 0 2012 2013 2014 2015 1-6/2015 1-6/2016 13
Slide 14: Benecol
Benecol • Net sales slightly decreased from the comparison period due to the weakened pound; sales volume remained the same • EBIT improved from the comparison period • Home markets, consumer products: • Volumes of spreads increased in the UK, Poland and Finland • Net sales increased in Hong Kong •
Slide 15: Healthy Snacking
Healthy Snacking • Retail sales of Elovena products developed well. Particularly good sales growth for new Elovena snack biscuits, snack bars and instant porridges • Positive EBIT in Russia and Ukraine • Increased sales volume • Divested HM and Newport at a loss • Honey Monster brand was licensed •
Slide 16: Confectionery
Confectionery • EBIT improved and net sales increased • In the UK, sales growth for Raisio’s own Fox’s brand • In the Czech Republic, sales grew in Raisio’s own Pedro brand • Sales volumes continued to grow in products made under partner brands and retailers’ private label products 16
Slide 17: Consumers involved in the development of naturally healthier snacks
Consumers involved in the development of naturally healthier snacks • Raisio has interviewed more than 4,000 consumers during the year - Snacking at home and at work - Consumer Online Team has refined findings into ideas • Traditional products updated with new ingredients • Novelties in interesting
Slide 18: RAHKA, LISUKKEET JA LUSIKKA MAISTA UUTUUDET!
RAHKA, LISUKKEET JA LUSIKKA 3 ma Missi MAISTA UUTUUDET!
Slide 19: Raisioagro
Raisioagro 19
Slide 20: Raisioagro's EBIT
Raisioagro’s EBIT M€ Comparable figures 5 4 3.4 3.1 2.8 3 2 1.5 1.4 1 0 -0.3 -1 -2 -3 2012 2013 2014 2015 1-6/2015 1-6/2016 20
Slide 21: Raisioagro's EBIT by quarters
Raisioagro’s EBIT by quarters M€ Comparable figures 3 2.6 2.0 2 1.3 1.4 1.4 1.4 1.2 1.3 1 0.4 0.0 0.1 0.0 0.0 0.0 0 -0.1 -0.3 -1 -0.6 -2 -1.8 -3 Q1 Q2 Q3 Q4 2012 2013 2014 2015 2016 21
Slide 22: Raisioagro's net sales by quarters
Raisioagro’s net sales by quarters M€ 90 75 76 80 71 70 65 63 61 60 54 54 54 49 53 50 45 38 40 36 40 33 27 28 30 20 10 0 Q1 Q2 Q3 Q4 2012 2013 2014 2015 2016 22
Slide 23: Raisioagro Q2/2016
Raisioagro Q2/2016 • Net sales decreased due to lower grain exports and fertiliser sales • EBIT at the comparison period level and ROCE above 10% • Good start for fish feed season in Finland; sales volumes increased • Eco-friendly and healthy Benella Rainbow Trout performed well in the market • Succ
Slide 24: New ecosystem for the dairy chain emerging in Finland
New ecosystem for the dairy chain emerging in Finland • Digital service innovation optimising milk production per cow • More than 100 milking robot farms involved 24
Slide 25: Product brands
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